Associated Banc-Corp. [ASB] stock prices are up 3.93% to $21.43 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ASB shares have gain 2.83% over the last week, with a monthly amount glided 4.33%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Associated Banc-Corp to Present at the 2024 RBC Capital Markets Global Financial Institutions Conference on March 5-6, 2024. In a post published today on Yahoo Finance, Associated Banc-Corp (NYSE: ASB) announced today that Management expects to present at the 2024 RBC Capital Markets Global Financial Institutions Conference in New York, NY at 1:20 p.m. ET on Wednesday, March 6, 2024 and expects to meet with investors throughout the conference. Interested parties can access a live webcast of the presentation through the Investor Relations section of the Company’s website at http://investor.associatedbank.com. A replay of the presentation is expected to be accessible for 90 days after the presentation date.
From an analyst’s perspective:
Associated Banc-Corp. [NYSE: ASB] stock has seen the most recent analyst activity on October 04, 2023, when Wells Fargo downgraded its rating to a Equal Weight but kept the price target unchanged to $18 for it. Previously, Robert W. Baird upgraded its rating to Outperform on September 05, 2023, and elevated its price target to $24. On July 06, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $20 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $22 on March 15, 2023. BofA Securities upgraded its rating to a Neutral but $24 remained the price target by the analyst firm on October 25, 2022. Wells Fargo upgraded its rating to Overweight for this stock on March 21, 2022, and upped its price target to $28.
The stock price of Associated Banc-Corp. [ASB] has been fluctuating between $14.47 and $23.23 over the past year. Associated Banc-Corp. [NYSE: ASB] shares were valued at $21.43 at the most recent close of the market.
Analyzing the ASB fundamentals
The Associated Banc-Corp. [NYSE:ASB] reported sales of 2.02B for trailing twelve months, representing a drop of -13.73%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.04 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.81 points at the first support level, and at 20.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.75, and for the 2nd resistance point, it is at 22.08.
Associated Banc-Corp. [ASB] reported earnings per share of $0.53 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.52/share, meaning a difference of $0.01 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.53 per share as compared to estimates of $0.52 per share, a difference of $0.01 representing a surprise of 1.90%.
Ratios To Look Out For
It’s worth pointing out that Associated Banc-Corp. [NYSE:ASB]’s Current Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 0.81 and price to earnings (TTM) ratio is 19.06.
Transactions by insiders
Recent insider trading involved WILLIAMS JOHN B, Director, that happened on Feb 07 when 2700.0 shares were sold. Executive Vice President, Utz John A. completed a deal on Dec 12 to sell 14755.0 shares. Meanwhile, Principal Accounting Officer Stadler Tammy C. sold 14838.0 shares on Dec 04.
